Jonathan Katz reported that the World Bank, IMF, and IDB canceled $1.2 billion of Haiti's debt Tuesday, freeing up millions of dollars for much needed poverty reduction programs. Needless to say, this is excellent news. Given the scope of Haiti's needs, it never made sense its citizens should have to pay $1.6 million in debt per month, most of which was acquired under dictators that they never voted for. This represents a measure of confidence in the Preval Administration, which now has a bit more economic flexibility than it had before. More info below.
I saw this article floating around on Corbitt's list and thought that it would make for an interesting discussion. I am no economist and appeal to those of you with a background in small business development to make your opinions know about the following issue:
Will raising Haiti's minimum wage help or hurt the economy?
Clearly, the vast majority of